Yueying: July 31st Bitcoin and Ethereum Market Analysis - Will the Monthly Closing Battle Bring a New Beginning?

The short position in Bitcoin mentioned above was filled, but the movement was limited. Looking at the daily chart, the previous candlestick found support around the 60-day moving average and closed positive. Intraday, it opened higher again before pulling back and consolidating above 64000. The Bollinger Bands are parallel, and the short-term moving averages are slightly upward. The MACD fast and slow lines are trending downward with decreasing volume. The KDJ is crossing upward, but watch for resistance around the 50 level. The VR indicator is consolidating around 120. On the four-hour chart, the price rebounded but was met with resistance at the 60-day moving average, currently trading above the middle band. The Bollinger Bands are slightly widening upward, and the short-term moving averages are parallel. The MACD fast and slow lines are trending downward with decreasing red volume. The KDJ is turning downward, but watch for support around the 50 level. The VR indicator is consolidating around the 50 level. Overall, the market hasn't changed much, and the strategy remains consistent. As long as the structure holds, trade within the range, going long or short. Keep an eye on the key neckline resistance zone, which is also the watershed between bullish and bearish trends in the overall structure. Short-term resistance is around 63,000, followed by 61,500. Strong support is around 60,000. These are the levels I've been focusing on recently. Most of the analysis in this article is for reference only; real-time trading is crucial. Focus on short-term trades and wait for a complete structural change. For Bitcoin, short-term suggestions are: short at 65,200, long at 63,200 (take profits as needed). Ethereum's volatility is decreasing; after repeated ups and downs, it's still in a consolidation phase. Both long and short positions are possible in the short term, but patience is required. Use the daily and 4-hour technical charts in conjunction with Bitcoin's price action. Short-term resistance is around the previous high, and support is around 1830. The strategy remains the same; if a breakout occurs, adjust accordingly and refer to the short-term suggestions. Auntie's short-term trading advice: Short at 1950, long at 1860 (For more currency analysis, click on the image to see the homepage introduction and find Yueying) — I am Zhou Yueying.